Big BTC price correction incoming????

shoreno

full member

Activity: 1750

Merit: 118

Quote from: LogitechMouse on January 09, 2021, 12:59:54 AM

Quote from: reevofev on January 07, 2021, 02:49:47 PM

When will the next correction occur in your opinion?

If I will say that next week will be the time when the crypto market will make a correction will you take it??
If somebody will say that there will be no correction at all will you take it??

If only somebody knows when will be the next correction then he or they might be rich by now since the know what can happen in the future.

i think yes he will take it because that its his motive for askin but he will only take it if he thinks that the user that gives prediction are talking more serious ,

i know predictions arent 100 percent but still its better if we are sincer of giving it but if theres someone that will say that there will be no more corrections , that is automatically false and no need to ask why its because btc are created this way to have a correction

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: ?? on ??

In my opinion, given the recent ascents that have taken place without stability, there should be a fall, and these prices are a bubble.
And if, in the optimistic state, 40,000 bitcoins can maintain their position in the same range, we can see a good thing.
But in the other theory, the price will fall to 35,000 or 32,000 and then we will stabilize.

Even if I do not want to see a drop to $35,000 or $32,000, if that downtrend comes, I can not do anything except following the trend.
We have a chance to buy more bitcoin if we want, so we can use that downtrend and get bitcoin at a low price.
These situations are unpredictable as after the bitcoin price increase yesterday, the price seems stable at the moment, and we need to be prepared for anything that can happen.
If the bitcoin price drops in the next few hours, we do not have panic, but we can watch closer to find the best time to buy more bitcoin.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: reevofev on January 07, 2021, 02:49:47 PM

When will the next correction occur in your opinion? Also how big of a correction will it be?

I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.

Huh

If I will say that next week will be the time when the crypto market will make a correction will you take it??
If somebody will say that there will be no correction at all will you take it??

If only somebody knows when will be the next correction then he or they might be rich by now since the know what can happen in the future. Regarding to your small investment, its your decision when to exit and when to enter again. Having a plan will help you trade better. Now if you are asking when will be the correction then ask Nostradamus maybe he can help you

.

sayaya17

sr. member

Activity: 1638

Merit: 255

There’s a slight chance a correction could happen, but it doesn’t seem to go too deep. If the current price of bitcoin was at $40k,
a correction to $39k-38k, it wouldn’t be a major correction. But anything can happen to bitcoin. If you already profit a lot from
investing in November, there will be no blame if you want to sell your bitcoin at the current price. The decision is yours. There are
no precise predictions for bitcoin’s highly fluctuating price. Moreover, the bullrun this time is very excessive, the rise is too fast.
But we don’t know if it will experience a rapid decline as well.

STT

legendary

Activity: 4102

Merit: 1454

Big up and big down makes basic sense but its where we end up thats most of interest. I wont argue that much in favour of an immediate correction because we have sold off along the way to some extent which increases strength slightly. But price moved too fast to involve the whole of the market so that leaves it open to sellers joining in a top heavy way.

Right this moment there is no hint of a negative at all, not that I can see clearly. We are back to the 2 day average, which has regularly marked lows before we rise again. Especially on the weekend, it seems to drift up and perhaps Monday it sells into main market action.

Psynthax

hero member

Activity: 2366

Merit: 504

now it has broken $40K again after some dip, guess to sell and reenter was the best way to double the profit but it's kinda too late, none of us really see this coming about btc price skyrocketing really fast from $30K to $40k it's actually kinda crazy. I wonder whether there's gonna be some big correction but it's all fifty-fifty chance for that to happen

btc is erally unpredictable at this time around.

rokon1234

member

Activity: 462

Merit: 16

This is really good time for BTC holders and i think BTC will soon down,it's only my prediction.That's why right now i'm hold some altcoin's and thinking about my altcoin's.Because,now some of my altcoin's price not grow up like BTC.i think it's not perfect time to buy BTC or invest on this coin.

menoiazei

member

Activity: 368

Merit: 24

to me this run way different than the ones before it like 2017...my opinion is still quite some way to go till it corrects...btc 10x loading

0t3p0t

sr. member

Activity: 1736

Merit: 357

Peace be with you!

Quote from: reevofev on January 07, 2021, 02:49:47 PM

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?

I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.

Huh

I think price correction of Bitcoin will occur right after it will touch $50,000. I am not good at speculating but who knows? Things could happen in just a blink of an eye we really can't tell. Lucky for you mate you have atleast small amount of investment at a good timing.

CODE200

sr. member

Activity: 1484

Merit: 323

Quote from: itovault on January 08, 2021, 10:48:29 AM

I don't think that a big correction is going to come in the next few days. While the price skyrocketing from $10K to $40K seems like a large move to those of us suffering in the "Bitcoin winter" of 2018-2019, it has *only* 2x since the last peak of about $20K. This shows that fundamental price levels aren't that 'overvalued' yet and we don't need like a 2x pullback or anything.

That sudden increase will more likely trigger a price correction. We have witnessed how high the rate of increase was back in the last quarter of 2020 which gives a higher tendency for the market to fall in a sudden just like what happened before. The idea is that we just cannot guarantee what will happen next and that is already the bottomline. But I do agree with the idea of a crash not being a requirement. It is just that, given the nature of this market, things of such is inevitable and the only way out is to make a decision in order to avoid huge losses if you have invested at a higher market price point. So will Bitcoin repeat itself? or changes will be permanent regarding its market value? Hard to tell knowing there is a huge difference that could make a change.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: dreamer81 on January 08, 2021, 02:54:05 AM

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

yes you are right about "bitcoin is not regulated by anyone". In the cryptocurrency world anything can happen in just a few minutes or a few hours later, $ 50k, $ 100k can happen in an instant. But a healthy market still needs correction to reach its highs. we don't know what the current high price of bitcoin is. Many have speculated about the top price of bitcoin. All of that can also be explained by technical analysis. Every analysis is not 100% correct. If it is enough and profit, quickly take it and if you are still less resistant until the target is reached.

itovault

newbie

Activity: 35

Merit: 0

I don't think that a big correction is going to come in the next few days. While the price skyrocketing from $10K to $40K seems like a large move to those of us suffering in the "Bitcoin winter" of 2018-2019, it has *only* 2x since the last peak of about $20K. This shows that fundamental price levels aren't that 'overvalued' yet and we don't need like a 2x pullback or anything.

VanityWallets2015

hero member

Activity: 1498

Merit: 506

Indeed, BTC price correction may be coming soon, as BTC price is continuously rising day by day.
And as the future events and actions to be anticipated revolve on uncertainty, staying alert and being wise are important.
Although expertise cannot be assured, there are resources available to study price correction, where opportunities can be presented whether to use price correction as indicator to invest, reinvest or sell.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Quote from: reevofev on January 07, 2021, 02:49:47 PM

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?

I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.

Huh

Next dip will be crayzeeeee, because this time it will be upwards!

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: Debonaire217 on January 08, 2021, 02:48:42 AM

Looking at the chart of Bitcoin right now, there's no indication of a big correction by looking at 1m time up to 1HR time RSI. But when we are going to look at the 4HR time and longer, it already state an overbought indication and it implies that the Bitcoin market might fall anytime soon. When the correction happens, people will not really anticipate to short or sell their Bitcoins, thus, they might think of it as an opportunity to acquire more Bitcoins in hoping that it could increase further. But we don't have any assurance of what will happen exactly to the market. What is important for us to think is that, every good price increase, there's always a possibility of a big drop, so its better for us to stay alert to avoid our profits getting lost by the market decline.

I agree, that at what we have seen so far were some small corrections but now BTC has yet reached another ATH.

This could be the trend we will be heading towards for a while: small corrections followed by new ATH. But when the bull run stops for bTC, that's when we will see the large correction, but who knows when that will be...

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: dreamer81 on January 08, 2021, 02:54:05 AM

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

Bottomline is no certainty. What determine its market value falls under demand, supply, and market volume. Indeed its market value could continuously increase for a period of time but likewise that its market value could fall continuously, this is how I understood the idea of this market. If we would base from the past regarding its market price increase and decrease, a correction is anticipated at this moment simply because people do like to rely on "patterns" in which they depend their actions at the same time. So we just cannot blame those who are worried on investing at this point wherein the market price is still high, because of the 'possibility' for a dump to suddenly take place. Well, going back with the chance for a continuous market price increase, investors are free to do their thing at this point because no one knows how things will happen, a matter of a gamble.

imstillthebest

full member

Activity: 1638

Merit: 122

im no expert but my guess is correction will be big , something like under 40 but not lower than 30 thou dollar . i dont know the exact time if when will that occur but it can occur as long as we are still in the 40 thou dollar zone . you invested small amount and your worries are more than those who invest big time , if they can calm while investing huge why arent you that only invested small ? you invested small , why not wait and hold for longer time so that you dont need to worry of waiting but at the same time you can earn huge than selling too early and buying again .

Daltonik

legendary

Activity: 2618

Merit: 1504

The price of bitcoin is now going I think at $50k - $55k after which there will be a deep correction, much depends now on the state of affairs in the US economy after the passions subside, the price of bitcoin will also be adjusted.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Based on my analysis, it is possible that Bitcoin will be corrected quite deeply when it reaches the price of $ 50,000. It will likely go down to
a price of $ 20,000 - $ 30,000. So for now Bitcoin has dropped to a price of $ 38,000 this is just a light correction. Soon it will continue the bull run
until it reaches a price of $ 50,000. Up to you want to believe in my analysis or not. Because there is no guarantee that my analysis is accurate,
so please do your own analysis to make it more convincing.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

*Bearish market prediction is the same as a bull market, no one will know...
if we only focus on thinking when the market is bearish then we will not be able to enjoy this bull market. I see that many investors have made Bitcoin a safe haven, so the selling action will decrease and it is possible that the Bitcoin price will continue to hold its current high price.

Topic: Big BTC price correction incoming???? (Read 567 times)